World Bank postpones $90m Uganda loan over anti-gay law
01/03/2014The World Bank has postponed a $90m (£54m) loan to Uganda over its tough anti-gay law, which has drawn criticism from around the world. World Bank officials said they wanted.
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South Africa’s Liberty Group Appoints First Black CEO
01/03/2014JSE-listed life insurance firm, Liberty Holdings has appointedThabo Dloti as CEO, making him the first black head of the company. Dloti, who is the current CEO of fund manager Stanlib,.
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Business & Economy
Africa’s Hospitality Industry To Create 136,000 Jobs In 2014
01/03/2014No fewer than 136,000 new jobs will be created by the hospitality (hotel) sector in Africa this year, a new research by consultancy W Hospitality Group, which specialises in the.
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South African Government Releases 2014 Budget
27/02/2014Despite the sluggish local economic growth brought about by the 2008 global recession, Finance Minister Pravin Gordhan has not gone back on his 2013 growth projections. Tabling his 2014 Budget.
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Development Stories
France Eyes Africa’s Mining Industry With $550m Investment
27/02/2014Europe’s second largest economy, France has revealed plans to invest €400 million ($548 million) in establishing a new state-owned mining company called Compagnie National des Mines de France (CMF), with.
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Microsoft Global President To Meet Nigeria’s Tech Community
27/02/2014Microsoft Global President, Jean Philippe Courtois will today meet with Nigeria’s Tech Community during a visit to the Co Creation Hub Nigeria, a social innovation centre dedicated to accelerating the.
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Development Stories
Kenyan Vehicle Manufacturer (KVM) To Roll Out Africa’s Cheapest Car By June
25/02/2014Kenyan Vehicle Manufacturer (KVM) has revealed that it is currently working on the assembly of Africa’s cheapest car in its Thika plant and expects the vehicle to be made commercially.
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Egypt interim government resigns unexpectedly
24/02/2014As Sally Nabil reports, Hazem Beblawi did not explain why he was resigning Egypt’s interim Prime Minister Hazem Beblawi has unexpectedly announced the resignation of his government. Mr Beblawi said.
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